NASDAQ$RGTI
Rigetti Computing Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Announced third quarter 2022 financial results.
Rigetti Computing reported revenue of $2.8 million for the third quarter of 2022, a slight decrease compared to the prior year period. The company's GAAP net loss was $18.8 million, or ($0.16) per share. They had $161.0 million in cash, cash equivalents and available-for-sale investments as of September 30, 2022.
- Revenue for the third quarter of 2022 was $2.8 million, compared to $2.9 million in the prior year period.
- Total gross profit for the third quarter of 2022 was $2.0 million, compared with $2.5 million in the prior year period.
- Total GAAP operating expenses for the third quarter of 2022 were $33.4 million, compared with $11.6 million in the prior year period.
- GAAP net loss for the third quarter of 2022 was $18.8 million, or ($0.16) per share, compared with $9.8 million, or ($0.43) per share, in the prior year period.
Headline financials
Revenue & EPS history
Rigetti · Revenue · Quarterly
$2.8M
Forward guidance
The Company continues to expect total revenue for the 2022 fiscal year to be between $12.0 million and $13.0 million and is revising its fiscal year 2022 Adjusted EBITDA loss guidance from ($50.0) - ($53.0) million to ($56.0) - ($58.0) million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+1.3%
Avg return
Earnings day
+5.4%
Avg return
5 days after
+10.6%
Avg return
30 days after
40%
8 / 20 earnings
Positive
+38.2%
Q2 2023
Best reaction
-14.7%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +7.5% | -5.9% | +1.5% | |
| Q4 2025 | -4.4% | -4.3% | -20.1% | |
| Q3 2025 | -2.7% | -23.0% | -18.7% | |
| Q1 2025 | -14.7% | +2.6% | +4.8% | |
| Q4 2024 | +4.0% | -1.6% | -8.3% | |
| Q3 2024 | +11.8% | -7.2% | +292.8% | |
| Q2 2024 | +1.6% | +15.3% | -3.1% | |
| Q1 2024 | -7.2% | +5.6% | -18.4% | |
| Q4 2023 | -3.4% | -14.2% | -42.2% | |
| Q3 2023 | -7.6% | +13.3% | -1.0% | |
| Q2 2023 | +38.2% | +35.8% | +20.0% | |
| Q1 2023 | -5.4% | +5.5% | +173.1% | |
| Q4 2022 | -1.8% | +29.1% | -19.3% | |
| Q3 2022 | +6.5% | +12.9% | -34.7% | |
| Q2 2022 | +8.3% | +20.6% | -45.9% | |
| Q1 2022 | -1.0% | +11.5% | -42.0% | |
| Q4 2021 | -9.2% | -0.6% | -26.7% | |
| Q3 2021 | +6.4% | +12.6% | -0.2% | |
| Q2 2021 | -0.3% | -0.4% | +0.1% | |
| Q1 2021 | -0.1% | -0.3% | +0.3% |
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